In Short : Nigerian firm WATT has secured a significant boost of $13 million to expand its renewable energy projects nationwide. This funding reflects the growing interest and investments in renewable energy in Nigeria. WATT’s expansion efforts signify progress in the country’s sustainable energy landscape, fostering economic growth, job creation, and environmental conservation. This initiative […]
Wind energy industry can generate 4 million jobs globally by 2030: GWEC
“Wind energy has been a major creator of skilled jobs and community benefits. Direct and indirect jobs in wind energy sector will more than triple from 1.2 million in 2018 to nearly 4 million globally by 2030,” the global industry body said in a statement New Delhi: Wind energy sector can generate employment for four […]
COVID-19: MNRE to promote local manufacturing, export hubs for renewable energy
“All states and ports are requested to identify land parcels of 50-500 acres for setting up renewable energy manufacturing and export services hub,” said Anand Kumar, secretary, MNRE, in a twitter post recently New Delhi: In a bid to minimise the impact of COVID-19 pandemic on the heavily import-dependent domestic solar industry, the Ministry of […]
REC board okays incorporation of 7 SPVs to facilitate evacuation of renewable energy
The board of directors of REC Ltd in its meeting held on March 25, 2020, inter-alia approved the proposal for incorporation of seven project specific special purpose vehicles (SPVs) as wholly-owned subsidiaries of REC Transmission Projects Company Ltd New Delhi: State-owned shadow banking firm REC Ltd on Wednesday said its board has approved a proposal […]